Oil
Nigeria’s Debt Burden Rises as Oil Production Slips
Nigeria’s public debt increased marginally in the first quarter of 2026, while crude oil production recorded its first decline in...
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Petrobras Detects Signs of Oil off Brazil’s Amazon Coast
Brazilian oil giant Petrobras has detected signs of hydrocarbons off the coast of the country’s Amazon region, potentially indicating the...
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Nigeria Exceeds OPEC Quota for Third Month Despite July Oil Output Drop
Nigeria exceeded its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota for the third consecutive month in...
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Strait of Hormuz Vessel Traffic Falls to One-Week Low as Ships Avoid Key Waterway
The number of vessels tracked through the Strait of Hormuz fell to a one-week low of eight on Tuesday as...
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Nigeria’s Crude Oil Export Earnings Fall 14.4% to $31.54bn – CBN
The Federal Government’s crude oil export earnings fell by 14.41 per cent to $31.54 billion in 2025, down from $36.85...
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Oil Prices Fall as Hopes of US-Iran Talks Lift Markets Despite Global Tech Sell-Off
Global oil prices fell sharply on Tuesday as renewed optimism over possible diplomatic talks between the United States and Iran...
Read moreOil Prices Fall as US-Iran Ceasefire Hopes Ease Supply Concerns
Global oil prices fell sharply on Monday after signs of easing tensions between the United States and Iran raised hopes...
Read moreBrent Crude Holds Above $100 as Middle East Tensions Raise Fresh Global Oil Supply Fears
Global oil prices remained above the $100 per barrel mark on Friday, extending a strong upward trend as investors weighed...
Read moreGlobal Markets Slide as AI Concerns Deepen and Oil Surges Above $100 Per Barrel
Global financial markets came under renewed pressure as a sharp selloff in technology stocks gathered pace, driven by growing concerns...
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FG Approves Fresh Petrol, Diesel Imports for Q3 2026 Amid Supply Concerns
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved fresh imports of petrol and...
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